Stockholders' Equity (Notes)

3 Months Ended

Mar. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

9. STOCKHOLDERS' EQUITY

In March 2014, the Company issued 8.7 million shares of common stock resulting in net proceeds to the Company of $98.6 million.

Subsequent to quarter end, the Company redeemed all outstanding shares of its 7.5% Series B Cumulative Redeemable Preferred Stock, par value $1.00 per share, for $25.00 per share or $94.8 million, excluding accrued dividends, on April 14, 2014. In the second quarter of 2014, the Company expects to decrease net income available for common shareholders by $3.5 million (non-cash), which represents the original issuance costs applicable to the shares redeemed.